Thursday, 28 August 2014
Last updated 5 hours ago
Dec 1 2005 | 9:43pm ET
New York-based India Capital Management is readying to the launch its first India-focused fund, the India Deep Value fund, by year-end. Raj Agarwal, manager of the fund, said the new offering will invest in mid-cap Indian equities.
The firm is targeting clients in both India and the U.S., including institutional investors and high-net-worth individuals. Currently, the fund, which will have a two-year lockup, has secured "a few million" in commitments, and Agarwal expects this figure to rapidly reach $50 million.
Agarwal believes that the biggest hurdle to jump over when it comes to investing in India is convincing investors that the country is a safe place to put their money with strict enforcement of rules and regulations. "We need to educate people that it's not a third-world country," he said, adding that most of the investors he deals with are actually aware of "India's story."
The fund will be registered in Mauritius, where Agarwal said he has encountered more bureaucracy than he had anticipated. "Be prepared to wait for a long, long time," if you are registering your fund in Mauritius, cautions Agarwal. "Over there they assume you are a criminal until you prove them otherwise," he laughed.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...